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COMPARABLE WORTH: The notion that different jobs requiring comparable, but not identical, skills should be paid the same wage. The logic behind comparable worth is that centuries (perhaps even millennia) of discrimination against women by men have relegated women to second-class, poorly paid jobs with little or no chance for advancement. Men, in contrast, with the same education, skills, and abilities are able to get the better, higher paying jobs. Comparable worth would be a program in which different jobs are evaluated and scored, based on the skills, responsibilities, and education needed. Jobs with the same scores would then be required to have the same pay.

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AVERAGE FACTOR COST CURVE, MONOPSONY

A curve that graphically represents the relation between average factor cost incurred by a firm for employing an input and the quantity of input used. Because average factor cost is essentially the price of the input, the average factor cost curve is also the supply curve for the input. The average factor cost curve for a firm with no market control is horizontal. The average factor cost curve for a firm with market control is positively sloped.

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Today, you are likely to spend a great deal of time surfing the Internet hoping to buy either a rechargeable battery for your camera or a coffee cup commemorating the first day of spring. Be on the lookout for rusty deck screws.
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Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
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